Ag lawmakers are asking questions this week over President Trump’s spending freeze and what it means for farmers. Some groups say they are now out millions of dollars.
Senate Ag Committee Ranking Member Amy Klobuchar and other democrats have written USDA, asking for details about how the freeze impacts farmers and ranchers. DTN reports the Iowa Soybean Association has sent letters to lawmakers, warning $11 million is at stake for their growers.
The spending freeze is currently held up in the courts. The Trump Administration says the pause is only temporary as the Administration works to get rid of wasteful spending.
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The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
